Economics Courses
Please note that the frequency of course offerings below is subject to change without notice, because of changes in faculty availability, sabbaticals and leaves, and other circumstances. Please consult the latest Schedule of Classes (and supplement), myBerea, revisions to online Catalog & Student Handbook, and/or the Program Coordinator to determine if a course will be offered during a certain term or year, especially if Satisfactory Academic Progress (SAP) is a factor.
ECO 101
Principles of Macroeconomics
Prerequisites: Completion or waiver of MAT 012; first-year or sophomore standing preferred
Offered: Typically Fall and Spring terms
An introduction to the nature and method of economics. Emphasis on the determination of the level of national income, output, employment, and prices. Topics include monetary policy, fiscal policy, and economic growth; may include comparative economic systems, and international trade and finance. Social Science Perspective.
Offered: Typically Fall and Spring terms
An introduction to the nature and method of economics. Emphasis on the determination of the level of national income, output, employment, and prices. Topics include monetary policy, fiscal policy, and economic growth; may include comparative economic systems, and international trade and finance. Social Science Perspective.
1 Course Credit
ECO 102
Principles of Microeconomics
Prerequisites: Completion or waiver of MAT 012; first-year or sophomore standing preferred
Offered: Typically Fall and Spring terms
An introduction to exchange processes, price and output determination, and alternative market structures, both in the product and resource markets. Additional topics include the role of government, public goods, income distribution, and resource or environmental economics. Social Science Perspective.
Offered: Typically Fall and Spring terms
An introduction to exchange processes, price and output determination, and alternative market structures, both in the product and resource markets. Additional topics include the role of government, public goods, income distribution, and resource or environmental economics. Social Science Perspective.
1 Course Credit
ECO 186
Special Topics
Prerequisites: Determined by instructor
Offered: Typically as student interest and faculty availability allow
A course designed to meet the particular interests of student and faculty. Topics vary from year to year. See course description in the "Schedule of Classes."
Offered: Typically as student interest and faculty availability allow
A course designed to meet the particular interests of student and faculty. Topics vary from year to year. See course description in the "Schedule of Classes."
1/2 to 1 Course Credit
ECO 250
Applied Statistics
Prerequisites: MAT 115 (or waiver); computer competency requirement met OR permission of instructor; sophomore or junior standing preferred
Offered: Typically Fall and Spring terms
Selected statistical methods applied to economic and business data. Methods include data-based techniques of graphical display, descriptive statistics, simple probability models based on random variables, one and two sample inference on means and proportions, analysis of variance, correlation, and regression. Practical Reasoning with Quantitative Emphasis (PRQ). NOTE: This course is noncredit for students who completed MAT 438.
Offered: Typically Fall and Spring terms
Selected statistical methods applied to economic and business data. Methods include data-based techniques of graphical display, descriptive statistics, simple probability models based on random variables, one and two sample inference on means and proportions, analysis of variance, correlation, and regression. Practical Reasoning with Quantitative Emphasis (PRQ). NOTE: This course is noncredit for students who completed MAT 438.
1 Course Credit
ECO 286
Special Topics
Prerequisites: Determined by instructor
Offered: Typically as student interest and faculty availability allow
A course designed to meet the particular interests of student and faculty. Topics vary from year to year. See course description in the "Schedule of Classes."
Offered: Typically as student interest and faculty availability allow
A course designed to meet the particular interests of student and faculty. Topics vary from year to year. See course description in the "Schedule of Classes."
1/2 to 1 Course Credit
ECO 301
Intermediate Macroeconomics
Prerequisites: ECO 101 or permission of instructor; and MAT 135 (or waiver)
Offered: Typically every third regular term
(next offered Spring 2011)
Theory of aggregate income determination in the long run and over the business cycle. Development of models of consumption, investment, net exports, and government spending in both a static and dynamic setting. Includes the effect of fiscal and monetary policy on income and other macroeconomic variables. Social Science Perspective.
Offered: Typically every third regular term
(next offered Spring 2011)
Theory of aggregate income determination in the long run and over the business cycle. Development of models of consumption, investment, net exports, and government spending in both a static and dynamic setting. Includes the effect of fiscal and monetary policy on income and other macroeconomic variables. Social Science Perspective.
1 Course Credit
ECO 302
Intermediate Microeconomics
Prerequisites: ECO 102 or permission of instructor; and MAT 135 (or waiver)
Offered: Typically every third regular term (next offered Fall 2011)
Theory of the economic behavior of households and firms in a market context. Includes the development of the determinants of demand, cost, production, and supply. Development of equilibrium models of exchange and welfare economics. Social Science Perspective.
Offered: Typically every third regular term (next offered Fall 2011)
Theory of the economic behavior of households and firms in a market context. Includes the development of the determinants of demand, cost, production, and supply. Development of equilibrium models of exchange and welfare economics. Social Science Perspective.
1 Course Credit
ECO 310
Research in Economics I
Prerequisites: ECO 301 or 302, and junior standing
Offered: Typically every Spring Term (first offered Spring 2011)
An introduction to research in economics focusing on the development of research questions, the practice of literature review, and writing in economics. The course culminates in the development of a research proposal that will be used to guide the research to be undertaken in ECO 410.
Offered: Typically every Spring Term (first offered Spring 2011)
An introduction to research in economics focusing on the development of research questions, the practice of literature review, and writing in economics. The course culminates in the development of a research proposal that will be used to guide the research to be undertaken in ECO 410.
1/2 Course Credit
ECO 332
Money and Banking
Prerequisites: ECO 101 or 102; sophomore or junior standing preferred
Offered: Typically every Fall Term
Money, banks, and financial markets; the role of money in the economy, monetary theory, and policy; and international monetary relationships.
Offered: Typically every Fall Term
Money, banks, and financial markets; the role of money in the economy, monetary theory, and policy; and international monetary relationships.
1 Course Credit
ECO 341
Economic Dev:Theory & Appl
Prerequisites: One introductory course in ECO, HIS, PSC, or SOC; AND ECO 101 or 102
Offered: Typically every third regular term (next offered Fall 2010)
A study of the human dimensions of societal development. The course includes theoretical approaches to economic development and social change, comparative consideration of the economic and social structural characteristics of less-developed countries, and an examination of the relationship between development policy and factors of social change.
Offered: Typically every third regular term (next offered Fall 2010)
A study of the human dimensions of societal development. The course includes theoretical approaches to economic development and social change, comparative consideration of the economic and social structural characteristics of less-developed countries, and an examination of the relationship between development policy and factors of social change.
1 Course Credit
ECO 347
International Economics
Prerequisite: ECO 102
Offered: Typically every third regular term (next offered Fall 2011)
Theory and practice of international trade, foreign exchange, balance of payments, and international economic policy.
Offered: Typically every third regular term (next offered Fall 2011)
Theory and practice of international trade, foreign exchange, balance of payments, and international economic policy.
1 Course Credit
ECO 350
Econometrics
Prerequisites: ECO 250 and completion or waiver of MAT 135 (or waiver)
Offered: Typically every third regular term (next offered Spring 2011 as an exception, then every third regular term beginning Fall 2012)
An introduction to the construction, evaluation, and use of statistical models of economic behavior. Models will be used to both predict and explain economic behavior. Time series models, single-equation models, and multi-equation models will be covered with an emphasis on estimation methods, tests of model assumptions and adequacy, and forecast performance. The course includes a number of modeling exercises using computer software.
Offered: Typically every third regular term (next offered Spring 2011 as an exception, then every third regular term beginning Fall 2012)
An introduction to the construction, evaluation, and use of statistical models of economic behavior. Models will be used to both predict and explain economic behavior. Time series models, single-equation models, and multi-equation models will be covered with an emphasis on estimation methods, tests of model assumptions and adequacy, and forecast performance. The course includes a number of modeling exercises using computer software.
1 Course Credit
ECO 360
Int'l Political Economy (PSC)
Prerequisites: ECO 101 or ECO 102
Offered: Typically every third regular term (first offered Fall 2012)
A study of the global economy and the interplay of collective interests, and governmental and non-governmental institutions in developing and modifying the rules that guide the global economic system of trade and commerce. This course introduces students to the study of international political economy (IPE) addressing the relationship between politics and economics in the international system. Discusses global economic political history and the development of theory guiding the study of IPE. Central topics include: international trade, foreign investment flows, international monetary relations, economic development, currency crises, and global enviromental affairs.
Offered: Typically every third regular term (first offered Fall 2012)
A study of the global economy and the interplay of collective interests, and governmental and non-governmental institutions in developing and modifying the rules that guide the global economic system of trade and commerce. This course introduces students to the study of international political economy (IPE) addressing the relationship between politics and economics in the international system. Discusses global economic political history and the development of theory guiding the study of IPE. Central topics include: international trade, foreign investment flows, international monetary relations, economic development, currency crises, and global enviromental affairs.
1 Course Credit
ECO 366
Public Finance
Prerequisite: ECO 101 or 102
Offered: Typically every third regular term (next offered term yet to be determined)
Social goals and fiscal institutions--federal, state, and local--including analysis of public expenditures, taxation, the national debt, and fiscal federalism.
Offered: Typically every third regular term (next offered term yet to be determined)
Social goals and fiscal institutions--federal, state, and local--including analysis of public expenditures, taxation, the national debt, and fiscal federalism.
1 Course Credit
ECO 370
Environ Issue in Public Policy
Prerequisite: ECO 101 or 102; or permission of instructor
Offered: Typically every third regular term (next offered Fall 2011)
An examination of critical environmental and natural-resource issues and the associated public-policy responses. The aim of the course is to analyze the role that public policy currently plays--and the role it should play--in helping manage and protect our local, national, and global environment. Social Science Perspective.
Offered: Typically every third regular term (next offered Fall 2011)
An examination of critical environmental and natural-resource issues and the associated public-policy responses. The aim of the course is to analyze the role that public policy currently plays--and the role it should play--in helping manage and protect our local, national, and global environment. Social Science Perspective.
1 Course Credit
ECO 386
Special Topics
Prerequisites: Determined by instructor
Offered: Typically as student interest and faculty availability allow
A course designed to meet the particular interests of student and faculty. Topics vary from year to year. See course description in the "Schedule of Classes."
Offered: Typically as student interest and faculty availability allow
A course designed to meet the particular interests of student and faculty. Topics vary from year to year. See course description in the "Schedule of Classes."
1/2 to 1 Course Credit
ECO 390A
Independent Study
Prerequisite: Sophomore or junior standing for 390; senior standing for 490
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student and the faculty sponsor. Course proposals must meet the guidelines and approval of the Academic Department or Interdisciplinary Program in which the study will be conducted. A detailed information sheet is available in the Student Self-Service room (101 Lincoln), which includes the form to complete if seeking Active Learning Experience (ALE) credit. A course syllabus must be submitted with the Chairperson or Director’s approval before the course can be registered. Those approved as ALE will be registered as 390/490A; others will be 390/490B.
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student and the faculty sponsor. Course proposals must meet the guidelines and approval of the Academic Department or Interdisciplinary Program in which the study will be conducted. A detailed information sheet is available in the Student Self-Service room (101 Lincoln), which includes the form to complete if seeking Active Learning Experience (ALE) credit. A course syllabus must be submitted with the Chairperson or Director’s approval before the course can be registered. Those approved as ALE will be registered as 390/490A; others will be 390/490B.
1 Course Credit
ECO 390B
Independent Study w/o ALE
Prerequisite: Sophomore or junior standing for 390; senior standing for 490
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student and the faculty sponsor. Course proposals must meet the guidelines and approval of the Academic Department or Interdisciplinary Program in which the study will be conducted. A detailed information sheet is available in the Student Self-Service room (101 Lincoln), which includes the form to complete if seeking Active Learning Experience (ALE) credit. A course syllabus must be submitted with the Chairperson or Director’s approval before the course can be registered. Those approved as ALE will be registered as 390/490A; others will be 390/490B.
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student and the faculty sponsor. Course proposals must meet the guidelines and approval of the Academic Department or Interdisciplinary Program in which the study will be conducted. A detailed information sheet is available in the Student Self-Service room (101 Lincoln), which includes the form to complete if seeking Active Learning Experience (ALE) credit. A course syllabus must be submitted with the Chairperson or Director’s approval before the course can be registered. Those approved as ALE will be registered as 390/490A; others will be 390/490B.
1 Course Credit
ECO 395
Internship
Prerequisite: Sophomore, junior, or senior standing
Offered: Typically every term
An experiential learning experience individually designed for students with a special academic interest requiring integration of classroom learning with practical experience. Includes on-campus seminars with academic sponsors, as well as non-classroom experience. One to 3 course credits in one regular term; 1.5 course credits in Summer One Term; or 1 to 2 course credits in Summer Two Term may be taken in Internships. Requires the approval of two faculty sponsors and the Program assumes the responsibility for determining credit allowance. The Coordinator of Internships gives final approval for Internship proposals. All Internships meet the Active Learning Experience (ALE) requirement.
Offered: Typically every term
An experiential learning experience individually designed for students with a special academic interest requiring integration of classroom learning with practical experience. Includes on-campus seminars with academic sponsors, as well as non-classroom experience. One to 3 course credits in one regular term; 1.5 course credits in Summer One Term; or 1 to 2 course credits in Summer Two Term may be taken in Internships. Requires the approval of two faculty sponsors and the Program assumes the responsibility for determining credit allowance. The Coordinator of Internships gives final approval for Internship proposals. All Internships meet the Active Learning Experience (ALE) requirement.
1 to 3 Course Credits
ECO 397A
Team Initiated Study
Prerequisite: Sophomore or junior standing for 397; senior standing for 497
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student and the faculty sponsor. Course proposals must meet the guidelines and approval of the Academic Department or Interdisciplinary Program in which the study will be conducted. A detailed information sheet is available in the Student Self-Service room (101 Lincoln), which includes the form to complete if seeking Active Learning Experience (ALE) credit. A course syllabus must be submitted with the Chairperson or Director’s approval before the course can be registered. Those approved as ALE will be registered as 397/497A; others will be 397/497B.
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student and the faculty sponsor. Course proposals must meet the guidelines and approval of the Academic Department or Interdisciplinary Program in which the study will be conducted. A detailed information sheet is available in the Student Self-Service room (101 Lincoln), which includes the form to complete if seeking Active Learning Experience (ALE) credit. A course syllabus must be submitted with the Chairperson or Director’s approval before the course can be registered. Those approved as ALE will be registered as 397/497A; others will be 397/497B.
1 Course Credit
ECO 397B
Team Initiated Study w/o ALE
Prerequisite: Sophomore or junior standing for 397; senior standing for 497
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student and the faculty sponsor. Course proposals must meet the guidelines and approval of the Academic Department or Interdisciplinary Program in which the study will be conducted. A detailed information sheet is available in the Student Self-Service room (101 Lincoln), which includes the form to complete if seeking Active Learning Experience (ALE) credit. A course syllabus must be submitted with the Chairperson or Director’s approval before the course can be registered. Those approved as ALE will be registered as 397/497A; others will be 397/497B.
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student and the faculty sponsor. Course proposals must meet the guidelines and approval of the Academic Department or Interdisciplinary Program in which the study will be conducted. A detailed information sheet is available in the Student Self-Service room (101 Lincoln), which includes the form to complete if seeking Active Learning Experience (ALE) credit. A course syllabus must be submitted with the Chairperson or Director’s approval before the course can be registered. Those approved as ALE will be registered as 397/497A; others will be 397/497B.
1 Course Credit
ECO 398
Directed Study
Prerequisites: Will vary, but always will include permission of instructor
Offered: Typically on a limited basis as student interest and faculty availability allow
A course organized and directed by faculty and approved by the Program Director or Department Chairperson to meet the particular interests and/or needs of specific students.
Offered: Typically on a limited basis as student interest and faculty availability allow
A course organized and directed by faculty and approved by the Program Director or Department Chairperson to meet the particular interests and/or needs of specific students.
1 Course Credit
ECO 410
Research in Economics II
Prerequisite: ECO 310 and permission of instructor
Offered: Typically Fall and Spring terms (also offered in summer 2011, as an exception)
Economics majors are required to register for this Capstone experience during the senior year (according to the schedule agreed upon with their faculty mentor). Students enrolled in this course will pursue the research specified previously in the research proposal prepared in ECO 310. This student-led and faculty-mentored research will lead to the completion of a substantive research paper and a presentation of research results to peers and the Economics faculty.
Offered: Typically Fall and Spring terms (also offered in summer 2011, as an exception)
Economics majors are required to register for this Capstone experience during the senior year (according to the schedule agreed upon with their faculty mentor). Students enrolled in this course will pursue the research specified previously in the research proposal prepared in ECO 310. This student-led and faculty-mentored research will lead to the completion of a substantive research paper and a presentation of research results to peers and the Economics faculty.
1/2 Course Credit
ECO 486
Special Topics
Prerequisites: Determined by instructor
Offered: Typically as student interest and faculty availability allow
A course designed to meet the particular interests of student and faculty. Topics vary from year to year. See course description in the "Schedule of Classes."
Offered: Typically as student interest and faculty availability allow
A course designed to meet the particular interests of student and faculty. Topics vary from year to year. See course description in the "Schedule of Classes."
1/2 to 1 Course Credit
ECO 490A
Independent Study
Prerequisite: Sophomore or junior standing for 390; senior standing for 490
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student and the faculty sponsor. Course proposals must meet the guidelines and approval of the Academic Department or Interdisciplinary Program in which the study will be conducted. A detailed information sheet is available in the Student Self-Service room (101 Lincoln), which includes the form to complete if seeking Active Learning Experience (ALE) credit. A course syllabus must be submitted with the Chairperson or Director’s approval before the course can be registered. Those approved as ALE will be registered as 390/490A; others will be 390/490B.
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student and the faculty sponsor. Course proposals must meet the guidelines and approval of the Academic Department or Interdisciplinary Program in which the study will be conducted. A detailed information sheet is available in the Student Self-Service room (101 Lincoln), which includes the form to complete if seeking Active Learning Experience (ALE) credit. A course syllabus must be submitted with the Chairperson or Director’s approval before the course can be registered. Those approved as ALE will be registered as 390/490A; others will be 390/490B.
1 Course Credit
ECO 490B
Independent Study w/o ALE
Prerequisite: Sophomore or junior standing for 390; senior standing for 490
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student and the faculty sponsor. Course proposals must meet the guidelines and approval of the Academic Department or Interdisciplinary Program in which the study will be conducted. A detailed information sheet is available in the Student Self-Service room (101 Lincoln), which includes the form to complete if seeking Active Learning Experience (ALE) credit. A course syllabus must be submitted with the Chairperson or Director’s approval before the course can be registered. Those approved as ALE will be registered as 390/490A; others will be 390/490B.
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student and the faculty sponsor. Course proposals must meet the guidelines and approval of the Academic Department or Interdisciplinary Program in which the study will be conducted. A detailed information sheet is available in the Student Self-Service room (101 Lincoln), which includes the form to complete if seeking Active Learning Experience (ALE) credit. A course syllabus must be submitted with the Chairperson or Director’s approval before the course can be registered. Those approved as ALE will be registered as 390/490A; others will be 390/490B.
1 Course Credit
ECO 495
Internship
Prerequisite: Sophomore, junior, or senior standing
Offered: Typically every term
An experiential learning experience individually designed for students with a special academic interest requiring integration of classroom learning with practical experience. Includes on-campus seminars with academic sponsors, as well as non-classroom experience. One to 3 course credits in one regular term; 1.5 course credits in Summer One Term; or 1 to 2 course credits in Summer Two Term may be taken in Internships. Requires the approval of two faculty sponsors and the Program assumes the responsibility for determining credit allowance. The Coordinator of Internships gives final approval for Internship proposals. All Internships meet the Active Learning Experience (ALE) requirement.
Offered: Typically every term
An experiential learning experience individually designed for students with a special academic interest requiring integration of classroom learning with practical experience. Includes on-campus seminars with academic sponsors, as well as non-classroom experience. One to 3 course credits in one regular term; 1.5 course credits in Summer One Term; or 1 to 2 course credits in Summer Two Term may be taken in Internships. Requires the approval of two faculty sponsors and the Program assumes the responsibility for determining credit allowance. The Coordinator of Internships gives final approval for Internship proposals. All Internships meet the Active Learning Experience (ALE) requirement.
1 to 3 Course Credits
ECO 497A
Team Initiated Study
Prerequisite: Sophomore or junior standing for 397; senior standing for 497
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student and the faculty sponsor. Course proposals must meet the guidelines and approval of the Academic Department or Interdisciplinary Program in which the study will be conducted. A detailed information sheet is available in the Student Self-Service room (101 Lincoln), which includes the form to complete if seeking Active Learning Experience (ALE) credit. A course syllabus must be submitted with the Chairperson or Director’s approval before the course can be registered. Those approved as ALE will be registered as 397/497A; others will be 397/497B.
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student and the faculty sponsor. Course proposals must meet the guidelines and approval of the Academic Department or Interdisciplinary Program in which the study will be conducted. A detailed information sheet is available in the Student Self-Service room (101 Lincoln), which includes the form to complete if seeking Active Learning Experience (ALE) credit. A course syllabus must be submitted with the Chairperson or Director’s approval before the course can be registered. Those approved as ALE will be registered as 397/497A; others will be 397/497B.
1 Course Credit
ECO 497B
Team Initiated Study w/o ALE
Prerequisite: Sophomore or junior standing for 397; senior standing for 497
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student and the faculty sponsor. Course proposals must meet the guidelines and approval of the Academic Department or Interdisciplinary Program in which the study will be conducted. A detailed information sheet is available in the Student Self-Service room (101 Lincoln), which includes the form to complete if seeking Active Learning Experience (ALE) credit. A course syllabus must be submitted with the Chairperson or Director’s approval before the course can be registered. Those approved as ALE will be registered as 397/497A; others will be 397/497B.
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student and the faculty sponsor. Course proposals must meet the guidelines and approval of the Academic Department or Interdisciplinary Program in which the study will be conducted. A detailed information sheet is available in the Student Self-Service room (101 Lincoln), which includes the form to complete if seeking Active Learning Experience (ALE) credit. A course syllabus must be submitted with the Chairperson or Director’s approval before the course can be registered. Those approved as ALE will be registered as 397/497A; others will be 397/497B.
1 Course Credit
ECO 498
Directed Study
Prerequisites: Will vary, but always will include permission of instructor
Offered: Typically on a limited basis as student interest and faculty availability allow
A course organized and directed by faculty and approved by the Program Director or Department Chairperson to meet the particular interests and/or needs of specific students.
Offered: Typically on a limited basis as student interest and faculty availability allow
A course organized and directed by faculty and approved by the Program Director or Department Chairperson to meet the particular interests and/or needs of specific students.
1 Course Credit
Notice and Disclaimer
This online publication is the official text of the Berea College Catalog & Student Handbook. Berea College reserves the right to amend, revise, or modify content within this publication at any time.
